With declining advertising rates and market share, Wall Street analysts are lowering their outlooks on Viacom on worries that the programmer will suffer the brunt of the cord-cutting trend due to its relatively young viewership and lack of sports programming. And it is exactly those issues that are sparking concerns that other MVPDs will join Suddenlink and Cable One in dropping Viacom's channel lineup altogether.
Suddenlink Communications continues to lose basic video subscribers after failing to renew its contract with a major programming conglomerate, Viacom, late last year.
Pay-TV's first quarter earnings reports showed no definitive evidence that cord cutting is about to go viral. But the signs are troubling. In fact, an examination of linear TV ratings leads to a conclusion that television's disrupted, on-demand future isn't just inevitable, it's already here.
Viacom has secured an important long-term carriage agreement with a mid-sized cable operator, announcing a pact with New York-based Mediacom Communications Wednesday.
Although his comments didn't rise to the level of inflammatory rhetoric he's often known for, Dish Network chairman and CEO reminded investors Monday that Dish's pending talks with Viacom are pay TV's most anticipated upcoming carriage negotiation for a reason.
Suddenlink reported a significantly slowed rate of decrease in its number of basic video customers in the first quarter, losing only 6,400, compared with a loss of 35,000 in Q4 2014, its first three-month period after dropping Viacom channels.
Fresh off taking a $784 million write-down earlier in April, partly to account for archival programming that has little value in the streaming video era, Viacom experienced a first-quarter loss of $53 million, compared to a $502 million profit in Q1 2014.
AT&T has announced a deal with the Walt Disney Company to launch the media conglomerate's Disney Story Central platform on the U-verse pay-TV service.
Struggling media giant Viacom has punctuated a major restructuring effort by taking a $785 million charge on its fiscal second-quarter books.
Sumner Redstone built his Viacom empire via a combination of "vision and paranoia," The Economist says, taking his father's exhibition chain, National Amusements, and future-proofing it against emerging paradigms and technologies, such as pay-TV and VCRs.